Wedge Capital Management L L P NC lessened its position in shares of Halliburton Company (NYSE:HAL – Free Report) by 37.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 399,933 shares of the oilfield services company’s stock after selling 236,305 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Halliburton were worth $11,302,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after acquiring an additional 6,507 shares during the last quarter. Woodline Partners LP grew its position in shares of Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares during the last quarter. Focus Partners Wealth grew its position in shares of Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Halliburton by 309.1% during the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Halliburton during the 1st quarter worth approximately $895,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Halliburton
In other news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the completion of the sale, the executive vice president owned 344,535 shares of the company’s stock, valued at $12,044,943.60. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the completion of the transaction, the chief executive officer directly owned 1,101,243 shares in the company, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 357,053 shares of company stock valued at $12,178,682 in the last three months. 0.56% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Research Report on Halliburton
Halliburton Price Performance
Shares of Halliburton stock opened at $40.39 on Friday. The business’s fifty day moving average price is $34.97 and its 200 day moving average price is $29.51. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $40.43. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $33.83 billion, a P/E ratio of 26.75, a PEG ratio of 2.43 and a beta of 0.73.
Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.
Halliburton Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio is 45.03%.
Halliburton News Roundup
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: J.P. Morgan says the Iran war should have little impact on Halliburton’s Q1 earnings, reducing near‑term downside risk and supporting the stock’s rally. Halliburton hits two-year high as JP Morgan sees little Q1 earnings impact from Iran war
- Positive Sentiment: BMO Capital Markets raised its price target to $42, signaling analyst confidence in upside versus current levels. BMO Capital Markets Increases Halliburton (NYSE:HAL) Price Target to $42.00
- Positive Sentiment: Zacks Industry Outlook highlights Halliburton as a beneficiary of high oil prices, strong demand and tech-driven efficiency gains in the oilfield services sector. Zacks Industry Outlook Highlights Halliburton, Baker Hughes, TechnipFMC and Archrock
- Positive Sentiment: Market momentum: the stock hit a 52‑week / two‑year high as rising oil prices and geopolitical tensions lifted the energy sector, helping Halliburton trade up. Halliburton stock hits 52-week high at 39.95 USD
- Positive Sentiment: Broker consensus remains constructive: Halliburton has an average recommendation of “Moderate Buy,” supporting demand for the shares. Halliburton Company (NYSE:HAL) Given Average Recommendation of “Moderate Buy” by Brokerages
- Neutral Sentiment: Wall Street Zen reported a downgrade to “Buy” — still a positive label but a cut from a higher rating, so limited directional impact. Halliburton (NYSE:HAL) Downgraded by Wall Street Zen to Buy
- Negative Sentiment: Industry caution: Reuters warns oilfield services firms could see earnings pressure because producers may delay new drilling until higher oil prices prove durable — a risk that could blunt upside for Halliburton if drilling activity lags. Services firms feel the squeeze as oil rally from Iran war fails to spur drilling
Halliburton Company Profile
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
Further Reading
Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.
